Higher time frame market floating down\
lower time frame we can back up to create resistance at this area.
1h time frame is we stay below and create bearish candle it would confirm the sell.
best to wait for 15m 30m and 1h to create bearish form.
great risk to reward setup.
If we break above with bullish candles this would be invalid.
lower time frame we can back up to create resistance at this area.
1h time frame is we stay below and create bearish candle it would confirm the sell.
best to wait for 15m 30m and 1h to create bearish form.
great risk to reward setup.
If we break above with bullish candles this would be invalid.
Commento:
This trade was no valid because we broke above. if you check 4h time frame we had a support created. it would only be valid if we held this area for some time rejecting it but we didnt.